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Accounting Accounting is the recording classifying summarizing and interpreting of financial events and transactions to provide management and other interested parties the information they need to make good decisions Basically its how businesses track their income and assets over time Accountants perform a wide variety of activities besides just preparing financial statements and recording daily business transactions they also have to compute costs and efficiency gains or losses participate in strategies for mergers and acquisitions management and tax strategy There are many job opportunities available in the field of accounting An auditor deals with the checking of ledgers and financial statements within corporations and government This field is becoming increasingly computerized It is the bread and butter work of accounting There is a lot of travel involved with this type of job and helps you understand how money is being made in the company you are analyzing A budget analyst is responsible for developing and managing an organizations financial plans People skills are a must if you want to go in this field of accounting Financial accountants prepare financial statements based on mainly ledgers and participate in important financial decisions involving mergers and acquisitions Good accounting and finance knowledge is key to having success in this field Management accountants work in companies and participate in the efforts to minimize expenses Historically management accountants have been described as the be an counters This has changed as many now often work side by side with marketing and finance to develop new businesses Tax accountants prepare corporate and personal income tax statements and formulate strategies such as financial choice how to best treat a merger or acquisition deferral of taxes and when to expense items This work requires a thorough understanding of economics and the tax code Large corporations are looking for people with both and accounting and legal background in tax A public accountant works in partnerships which provide accounting services to individuals businesses and governments The
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